iPipeline reports 39% increase in protection business - Q2

Technology provider iPipeline has reported that new business volumes for Q2 were up 39% when compared to this time last year. iPipeline's existing clients contributed to a 16% increase in new business, with new clients, including Mortgage Advice Bureau and Primis Mortgage Network, contributing to the remainder. Mortgage brokers increased protection sales year on year by 102% in Q2 while IFA business increased by 27%. The proportion of life cover containing critical illness is currently 46%. Life cover benefit amounts increased by 7% during Q2 year on year and multi-benefit polic...